Sat, 26 July
35.1 C
Yerevan
USD: 383.94 RUB: 4.85 EUR: 450.25 GEL: 141.78 GBP: 516.63

ACBA-Credit Agricole bank awarded Citibank’s quality recognition award 2010 for ensuring high quality remittances

YEREVAN, May 26. / ARKA /. ACBA-Credit Agricole Bank was awarded Citibank’s Quality Recognition Award for 2010 for ensuring high quality remittances, the press service of the bank said in a press release.

‘ACBA-Credit Agricole Bank won the award for the second time in a row for ensuring high quality remittances through SWIFT international system,’ the press release said.

Citibank awards the prize to best partner banks in different countries for ensuring highest quality indicators in the field of international transfers.

The press service said that having a wide network of correspondent banks and holding a flexible tariff policy, ACBA-Credit Agricole Bank offers its clients competitive conditions for transfers using SWIFT.

The number of international bank transfers in 2010 through this system grew by 35% from the previous year.

A 15.56% stake in the Armenian bank is owned by French Credit Agricole SA, SACAM International holds a 12.44% stake, the Armavir province holds 14.08% and 12.28% is owned by Ararat province. The bank operates 40 branches. -0-

spot_img

POPULAR

A scheme for stealing funds through fake investment platforms  exposed in Yerevan

A criminal group operating in one of the capital's business centers and stealing citizens' money through Internet calls has been exposed in Armenia, the Investigative Committee of Armenia reports.

Fitch expects inflation in Armenia to remain within the target level until 2027

International rating agency Fitch expects inflation in Armenia to remain within the target level until 2027, although soft fiscal policy and the projected moderate weakening of the dram create certain risks.

Fitch forecasts Armenia to tighten fiscal policy after 2027

Fitch Ratings analysts forecast a tightening of fiscal policy by the republic's authorities in a new report on Armenia.

Ranking of most profitable banks in Armenia based on results of first quarter of 2025

ARKA news agency publishes the ranking of the most profitable commercial banks in Armenia based on the results of the first quarter of 2025.

Armenia’s economy to stabilize on 5.5% growth trajectory in 2025 – EDB forecast

According to EDB forecasts, Armenia's economy will stabilize on a 5.5% growth trajectory with domestic demand remaining the main driver of development.

LATEST NEWS

spot_imgspot_imgspot_img